ADA price hits $3 for the first time as Cardano, Ethereum lead crypto super bull cycle
There's a firm sense of "altseason" across crypto markets Thursday, with one analyst calling the next phase of a "super bull cycle." Cardano’s ADA token surged to new all-time highs on Sep. 2 as an altcoin comeback gripped cryptocurrency markets. Data from Cointelegraph Markets Pro and TradingView showed ADA/USD clipping $3.06 during trading Thursday.
Having shown strength for multiple weeks, Cardano benefited from a broader altcoin resurgence after attempting to hit the $3 mark throughout the second half of August. The move coincided with the launch of the Cardano Alonzo testnet, ahead of a mainnet debut later this month. At the time of writing, ADA/USD remained above $3 while taking a break at $3.066 on Binance.
Weekly gains totaled 17.2%, while Ether (ETH) nonetheless outshined within the top-ten cryptocurrencies by market cap with 20.5% weekly returns. ETH/USD traded at almost $3,800 Thursday, around $600 short of its historic all-time highs seen in mid-May.
Stars align for a crypto bull run
ETH had begun the upwards moves for altcoins, which originally came about as Bitcoin (BTC) cooled around $47,000. As BTC/USD then began to follow suit, a snowball effect appeared to enter the market, with all but three of the top-50 crypto tokens in the green on the day.
“We're entering the second phase of this super bull cycle and I like it. Enjoy it,” Cointelegraph contributing analyst Michaël van de Poppe summarized.
As Cointelegraph reported, the foundations appear to be in place for renewed strength in Bitcoin and altcoins, the former's on-chain metrics and fundamentals firmly bullish.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 93.2% | 3 | $26 626.63 | 1.00% | -0.87% | $516 464 609 849 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 92.8% | 1 | $1 852.70 | 0.57% | -0.88% | $222 751 849 771 |  |
|
| 3 |  USDT |
Tether predictions | 96% | 1 | $1.000082 | 0% | -0.01% | $83 308 309 639 |  |
|
| 4 |  BNB |
Binance Coin predictions | 91.6% | 11 | $264.73 | 1.73% | -13.08% | $41 259 245 686 |  |
|
| 5 |  USDC |
USD Coin predictions | 95.6% | 1 | $1.000009 | 0.01% | 0% | $28 440 495 970 |  |
|
| 6 |  XRP |
XRP predictions | 69.6% | 56 | $0.527114 | 0.42% | 3.72% | $27 403 076 118 |  |
|
| 7 |  ADA |
Cardano predictions | 90% | 7 | $0.324988 | 0.50% | -11.23% | $11 342 559 631 |  |
|
| 8 |  STETH |
Lido stETH predictions | 93.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 92.8% | 8 | $0.067988 | 0.78% | -5.23% | $9 497 028 333 |  |
|
| 10 |  WTRX |
Wrapped TRON predictions | 73.2% | 51 | $0.077603 | 0.68% | 3.24% | $7 890 342 183 |  |
|
| 11 |  SOL |
Solana predictions | 89.6% | 16 | $19.03 | 0.73% | -8.01% | $7 576 221 922 |  |
|
| 12 |  MATIC |
Polygon predictions | 84.8% | 16 | $0.782857 | 1.43% | -12.13% | $7 272 328 244 |  |
|
| 13 |  TRX |
TRON predictions | 74.8% | 49 | $0.077825 | 1.34% | 3.80% | $7 015 200 066 |  |
|
| 14 |  LTC |
Litecoin predictions | 78.4% | 38 | $88.60 | -0.41% | -6.51% | $6 476 473 067 |  |
|
| 15 |  DOT |
Polkadot predictions | 90.4% | 6 | $5.03 | -0.02% | -3.69% | $5 997 807 752 |  |
